Best New Car Deals: January 2023

By

Automotive Content Editor

Meghan Carbary has been writing professionally for nearly 20 years. A published journalist in three states, Meghan honed her skills as a feature writer and sports editor. She has now expanded her skill-set into the automotive industry as a content writer for Auto Credit Express, where she contributes to several automotive and auto finance blogs.


, Automotive Content Editor - January 12, 2023

The biggest new car rebate deals in January can be worth up to $6,000, based on our analysis of special offers from every major car brand. As we saw all last year, attention-grabbing, big-money cashback incentives for car buying and leasing are currently harder to find because of the ongoing inventory shortage. APRs are up across the industry, and there haven't been as many discounts as we'd expected as 2022 models sell out.

The good news is that there are still rebate deals to be found on new SUVs, cars, and trucks if you know where to look. Be aware that the biggest discounts are often limited to certain trims and may come with a requirement to finance your purchase through the brand's captive lender. This month, be on the lookout for model year-end deals when you're considering the lease or purchase of your next vehicle. Here are the best deals we found.

Best SUV Rebate Deals

2022 Jeep Compass

The 2022 Jeep Compass offers the potential for additional savings when you purchase this January. Right now, you can get up to $3,000 off a new Jeep Compass when you finance through Chrysler Capital.

This deal starts with a $1,000 rebate for all customers and adds an extra $2,000 in bonus cash if you choose the Latitude 4x4 trim. This regional offer is available in California, but similar offers may be available in your region. Offers vary by trim.

2022 GMC Acadia

The GMC Acadia offers the brand's most significant potential for savings with a $5,000 rebate when you lease a new 2023 model in California. This deal starts with $3,000 in lease cash, which is available to all CA lessees. If you're a current Buick or GMC lessee, you could qualify for an additional $2,000 lease loyalty bonus, bringing your total potential savings to $5,000. The $2,000 lease loyalty bonus is available nationally.

2022 Jeep Grand cherokee

The 2023 Jeep Grand Cherokee offers the brand's biggest potential for savings with a $4,000 bonus cash rebate in California on select trims such as the Limited L. If you're coming from a competing brand you could qualify for an additional $500 in conquest cash bringing your total savings to $4,500. If you prefer a low APR offer, Jeep's current offer is 7.26% APR financing for up to 60 months in regions like California. Offers vary in other parts of the country, so be sure to ask your dealer about all the possible savings. Be aware that Bonus Cash varies by trim.

2022 Ford Edge

The 2022 Ford Edge offers the brand's biggest potential for savings with a $3,000 rebate. Like last month, you can still combine this with 0% APR financing for up to 72 months in regions like California. We consider this one of the best 0% financing deals at a time in which interest rates have gone up nearly across the board. Offers vary in other parts of the country, so be sure to ask your dealer about all the possible savings.

2022 Jeep Wagoneer

The 2022 Jeep Wagoneer offers the potential for additional savings when you purchase this month. Right now, you can get up to $3,500 conquest cash off a new Jeep Wagoneer Series II or Series III when you finance through Chrysler Capital as a customer coming from another brand. Discounts vary by trim, see your dealer for offers in your area. This is a national offer.

2022 Dodge Durango

This regional deal on a new 2022 Dodge Durango starts with $3,500 in rebates available in California, $750 more than last month's customer cash amount. You can stack this with an additional $750 when financing through Chrysler Capital for a total of $4,250 off. We don't see deals on the Durango very often, so it may be a good time to take advantage while you can.

2022 Chevrolet trax

The 2022 Chevy Trax offers one of the brand's biggest rebates with a $2,000 in down payment assistance to those with less than perfect credit. Chevrolet offers a subprime financing deal on select vehicles, like the Trax, for borrowers who take a 10.9% APR for 72 months. This could be a good deal to take advantage of as a bad credit borrower, especially on an affordable model like the Trax with its $23,515 MSRP.

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      Best Car Rebate Deals

      2022 Dodge Charger

      Right now, shoppers can get an exciting offer when they choose to purchase a new 2022 Dodge Charger SXT. This deal starts with a $1,000 customer cash bonus which is available nationally. California residents may qualify for an additional $1,500 bonus, bringing their savings up to $2,500. This deal and its cash offers vary by trim, see your local dealer for deals in your area.

      2022 Dodge Challenger

      This January, shoppers may qualify for an exciting offer when they choose to purchase a new 2022 Dodge Challenger GT. This offer starts with a $1,000 nationally available customer cash bonus. California residents may qualify for an additional $1,500 bonus, bringing their savings up to $2,500. This deal and its cash offers vary by trim, see your local dealer for discounts in your area.

      2023 Kia Stinger

      Right now, leasing certain trims such as the GT2 trim of the 2023 Kia Stinger can get you a discount in California. This special lease discount varies by trim and is only available in select states. Be sure to ask your local dealer if this discount applies to you.

      Jaguar F-TYPE

      Right now, current Jaguar owners can get an exciting offer when they choose to purchase or lease a new 2023 Jaguar F-TYPE. This offer gives you $4,000 in loyalty bonus cash when you move up to the new F-TYPE. The catch is that you have to finance at non-promotional rates. Jaguar doesn't often offer deals, so take advantage of this while you can.

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        Best Truck Rebate Deals

        2022 RAM 1500

        The 2022 RAM 1500 offers one of the biggest discounts on a truck this month with up to $6,000 in savings on Big Horn Crew Cab 4x2 trims in some parts of the country. This rebate starts with a national offer of $4,000 off and can stack with an additional $2,000 when you finance through Chrysler Captial. This rebate deal is above average given market conditions and inventory shortages that are being seen across the country.

        2022 Chevy Silverado 1500

        The 2022 Chevy Silverado 1500 offers up a combination of rebates and Bonus cash for January. Last month, Chevy doubled their rebate offer to $1,000 and it's holding strong now. This rebate can be stacked with both a $1,000 bonus cash for a total savings of $2,000. If you're a current owner or lessee from another brand you could qualify for an additional $750 in conquest cash. The biggest rebates can be found on the turbocharged Silverado 1500 Crew Cab. This offer is available nationally.

        2022 Ford F-150

        The 2022 Ford F-150 offers up to $3,000 in trade-in assistance when you trade your old vehicle for a new Ford. Last month, Ford wasn't showing any deals on the F-150, so we consider this to be a deal worth looking into. The biggest rebates come on the STX trim. This regional offer is available in California, but other offers may be available near you. Check with your local dealer for deals you qualify for.

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        , Automotive Content Editor

        Meghan Carbary has been writing professionally for nearly 20 years. A published journalist in three states, Meghan honed her skills as a feature writer and sports editor. She has now expanded her skill-set into the automotive industry as a content writer for Auto Credit Express, where she contributes to several automotive and auto finance blogs.


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